Wireless Wearable Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

Wireless Wearable Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

  • Transparency Market Research
  • Ongoing
  • Medical Equipments

Report Description


Wireless wearable devices can function on a range of wireless technologies such as Near Field Communication (NFC), Bluetooth Low Energy (BLE), wireless network technology ANT, Bluetooth Classic, Wi-Fi, and cellular. Some wearable devices combine different wireless technologies to take advantage of the different aspects of each technology. The global wireless wearable devices market is highly consolidated, as major players account for majority share. The major drivers responsible for the growth of wireless wearable devices market include Smart Fitness monitoring, Health consciousness and mobile communications, Rapid rising of Smart Wireless Health and Fitness Devices, Integrating Smart Sensors and different programs, Professional Wireless Healthcare Devices have transformed consumer Healthcare industry operated in Hospital Settings. Additionally, high demand for mobile health care devices and rise in prominence of artificial intelligence and big data analytics in the field of digital health care are likely to propel the global wireless wearable devices market.

The global wireless wearable devices market can be segmented based on product type, application, and distribution channel. In terms of product type, the market can be classified into activity trackers, wearable GPS, dedicated heart rate monitors, wireless watches, and others. Based on application, the global wireless wearable devices market can be divided into wireless sports & fitness devices, wireless remote health monitoring devices, wireless professional health care devices, and others. The wireless remote health monitoring devices segment can be categorized into chronic disease monitoring, personal fitness monitoring, and personal wellness monitoring. Wireless standards available for use in medical applications include Bluetooth, Wireless Sensor Networks, Zig bee, and Broadband.

Geographically, the global wireless wearable medical devices market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held large share of the market, followed by Europe. The market in North America is driven by presence of large number of mid-sized and large companies, rapid emergence of new players, and early adopters. However, the market in Asia Pacific is anticipated to grow at a rapid pace during the forecast period. Increase in cardiovascular diseases, rise in awareness, and entry of global players in the region are the key factors propelling the market in the region.

The global wireless wearable medical devices market is highly competitive due to presence of large number of local players in most of the regions. Large players are expanding distribution networks to increase market share in different regions, while small players strive to develop new innovative products to attract consumers and strengthen foothold in the market. The global electronic based companies are also increasingly focus on home health care devices, especially portable medical devices such as pedometers and blood pressure monitors to increase market shares. Fitbit, Inc. pioneers in offering wearable technology devices for tracking fitness to gain a competitive edge over others.

Key players in the global wireless wearable devices market include Abbott Diabetes Care, Inc., Adidas AG, Alive Technologies Pty. Ltd., Apple, Inc., ASUSTeK Computer, Inc., and Beurer GmbH.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

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